During 29th April to 3rd May 2019 in Kuala Lumpur, Malaysia, AMLIO’s delegations participated workshop on the Multilateral Analyst Exchange Program- Analyst Hubbing Exercise under topic: “unregistered/hawala/suspicious remittance activities or transfers across the ASEAN region” organized by AUSTRAC; aims to achieve the following objectives: increased levels of pro-active analysis and information exchange between participating jurisdictions, enhanced understanding of FIU analysts on suspicious remittance activities including emerging methodologies between participating jurisdictions for use by domestic partner agencies, strengthened operational level cooperation between the participating jurisdictions to reflect enhanced regional cooperation.
The workshop on "Thailand-Chilean Joint Cooperation Project for ASEAN 2019 " hosted by Thailand International Cooperation Agency "TICA"), Chilean Agency for International Cooperation "AGCT" and Anti-Money Laundering Intelligence Office "AMLO" between 25-29th in Bangkok, Thailand. The purpose of the workshop is to enhance FIUs' knowledge and capacity regarding financial intelligence and strategic intelligence data analysis methods.
The workshop on International counter terrorism legal framework, and its international cooperation aspects, against the financing of non-State actor acquisition of biological, chemical and nuclear (BCN) weapons, and related IMO legal instruments hosted by United Nations Office on Drugs and Crime “UNODC” and International Maritime Organization “IMO” between 5-8 February 2019 in Bali, Indonesia.
The Bank of the Lao PDR hosted the 2rd Ordinary Session of the National Coordination Committee on AML/CFT on 27th December 2018 at the Bank of the Lao PDR chaired by H.E. Somdy DUANGDY Deputy Prime Minister and Minister of Finance, which attended by its members, official from line ministries and AMLIO. The meeting highlights the achievement of the first ever national money laundering and terrorist financing risk assessment (NRA) of the Lao PDR, and the adoption of the action plan to address its deficiencies that appear in the outcome of the NRA. In addition, the meeting also took note of current progress in implementing the AML/CFT task in particular the growth mechanism of cooperation among the investigation agencies, and increase collaboration between reporting agencies supervisor and AMLIO in terms of data collection and access to information within relevant agencies toward criminal proceedings of predicated offence that related to money laundering. Together with continued widening cooperation network among related competent authorities, as well as continued improving capacity building to staffs related to combat money laundering and financing of terrorism. Furthermore, the meeting also approved the 2019 AML/CFT action plan of the Lao PDR in preparing for the forthcoming 2rd round of mutual evaluation on AML/CFT to be conducted by the APG reviewer team during year 2020-2021.
Anti-Money Laundering Intelligence Office (AMLIO) of the Lao PDR held the workshop on “Technique of Disseminating Suspicious Transaction Report (STR) and Cash Transaction Report (CTR) via Online System for Reporting Entities (REs)” on December 18, 2018 at Banking Institute, which chaired by Mr. Chindamay VILAYHONGS, Deputy Director General of AMLIO. The purpose of this meeting is to disseminate of manuals and training related to new form for 42 commercial banks in order to build comprehensive, convenience, security and prompt. In addition, AMLIO will continue to disseminate to other REs other than banking sector.
On 1st November 2018 in Vientiane at 10:00 AM. AMLIO conducted U.S. government Hand Over ceremony to deliver information technology and equipment to Anti-Money Laundering Intelligence Office (AMLIO) of the Lao PDR. In the ceremony had welcome U.S. Ambassador Rena Bitter and Ms. Ekaterina Koposhilko from the U.N. Office of Project Services (UNOPS) and Madame Phengsy Phengmuong, Director General of AMLIO. The donated equipment consisted of computers, tablets, and printers to improve AMLIO’s IT capabilities and facilitate in anti-money laundering and countering financing for terrorism. The project is implemented by UNOPS, and it supports international training for AMLIO technical staff, providing legal support for the drafting of decrees and regulations, and providing consulting services of an IT expert who specializes in IT systems for Financial Intelligence Units such as AMLIO.
The official visit of AMLIO delegation to the Cambodian of Financial Intelligence Units (CAFIU) on 18th -22nd September 2018, in Phnom Penh, Cambodia; the purpose of this visit was to share experience on AML/CFT IT development such as: IT infrastructure, analysis system as well as other technology to meet with international standard.
The Federal Financial Monitoring Service (Rosfinmonitoring) and Autonomous Non-Profit Organization “International Training and Methodology Center for Financial Monitoring” (ITMCFM) jointly hosted the Training course for a high ranking competent authorities from Lao People’s Democratic Republic on “Upgrading Qualification of National AML/CFT system’s experts” took place during August 28-30, 2018 in Moscow, Russia Federation. There were 7 delegates in total from various line-ministries such as the Anti-Money Laundering Intelligence Office (AMLIO), the Office of the Supreme People’s Prosecutor, the Supreme People’s Court and Ministry of Public Security attended the training. The main purpose of this event is to share the experience and best practices between FIUs of Lao PDR and Russia Federation in a field of financial investigations, analytical research and supervisory activities, discussed the state and prospects for the development of bilateral relations, and interaction on issues of the national AML/CFT systems operation.
(AMLIO, International Narcotics and Law Enforcement (INL) and Defense Institute for International Legal Studies (DIILS) held the workshop on “Investigative Technique Workshop on Prosecuting Money Laundering and Financing of Terrorism” during 18-20 June 2018 in Champasack Province, which chaired by Mr. Chindamay VILAYHONGS, Deputy Director General of AMLIO, Mr. Boualy PHETSONGKHAM, Chief of Provincial Administration Officer of Champasack and Mr. Joseph Narus, Chief of INL, U.S. Embassy Vientiane. Attended by experts from DIILS, officers from U.S. Embassy, Deputy and officers from relevant departments.)
On 30 April 2018, the 2nd ad-hoc committee meeting on the National Risk Assessment (NRA) was hold at 7th floors of the Lao Security Exchange building, Lao PDR, which chaired by Maj. Gen Kongthong Phongvichit, Deputy Minister of Public Security, Vice-Chairman of the National Coordination Committee (NCC), Chairman of ad-hoc committee on NRA. Attended by a committee’s member including head of each NRA module and the secretariats of NRA up to 32 participants in total.
The purpose of this meeting is to evaluate the current NRA implementation, and seeking an ad-hoc committee of NRA recommendation and direction in terms of ongoing NRA implementation and future operation to ensure the Lao PDR can realize its action plan.
The 3rd Ordinary Session of the National Coordination Committee on AML/CFT was conducted on 02 October 2017 at Bank of the Lao PDR, Chaired by H.E.Somdy DUANGDY, Finance Minister. Attended by members of NCC, officials from line Ministries and AMLIO.
Ad-Hoc Committee Meeting on National Risk Assessment of Money Laundering and Terrorist Financing on 29 September 2017 at Bank of The Lao PDR.
The AML Working Group meeting was conducted on 20th September 2017 at Bank of the Lao PDR.
Money laundering is a conversion, use, movement, exchange, acquisition, possession, and genuine ownership transferof funds or other properties by anatural person, legal person or an organisation that knows, knew or suspects that such funds or properties are derived from the predicate offences to conceal or disguise their characteristics, origin, and location in order to make such funds or properties legitimate .
The financing of terrorism is anintentional act both directly and indirectly bya natural person, legal person or an organisation that attemptsto give, consolidate and mobilize funds or properties, legally or illegally, wholly or partially, to finance terrorism or terrorist or activities linked to a specific terrorism act regardless such funds or properties are used to finance the actual action.
Anti- Money Laundering Intelligence Office or “AMLIO” is an organization under direct supervision-leadership of National Coordination Committee for Anti Money Laundering and Countering of Financing Terrorism, and under ideological and political supervision-leadership of and receiving budget from Bank of Lao PDR.
AMLIO is mandated as machinery, assisting The National Coordination Committee for Anti Money Laundering and Countering of Financing Terrorism in implementation of Anti Money Laundering and Countering of Financing Terrorism to ensure the tasks are in order and smooth, in line with law and international standard.